US Stock Reports, Quotes and News
Grupo Financiero Banorte (GFNORTEO.MX), one of Mexico\’s largest financial groups, reported a robust first quarter with a 9% increase in net income and a 134 basis point improvement in return on equity (ROE). The bank\’s management discussed the positive momentum of the Mexican economy, driven by domestic demand, and a moderate inflation climate that allowed for a recent rate cut by the central bank.
CrossFirst Bankshares, Inc. (NASDAQ:CFB) has announced positive financial outcomes for the first quarter of 2024, with total assets reaching a new high of $7.5 billion and an 8% annualized loan growth. The company reported a net income of $18.2 million, translating to $0.36 earnings per share, marking a 3% increase from the previous quarter.
UnitedHealth Group (NYSE:UNH) maintained a positive outlook in its first quarter 2024 earnings call despite a significant cyberattack on its subsidiary, Change Healthcare (NASDAQ:CHNG). CEO Andrew Witty and CFO John Rex detailed the financial impact of the incident and discussed the company\’s performance and strategies.
Bank of America Corp. (NYSE:BAC) delivered a robust financial performance in the first quarter, with net income reaching $6.7 billion and earnings per share (EPS) at $0.76, despite a $0.07 reduction due to an FDIC special assessment expense.
Northern Trust Corporation (NASDAQ:NTRS) reported a net income of $215 million for the first quarter of 2024, with earnings per share at $0.96. The company highlighted strong growth in assets under custody and administration, alongside assets under management, due to favorable equity markets and client inflow.
Johnson & Johnson (JNJ), a global healthcare giant, reported a 3.9% increase in worldwide sales, hitting $21.4 billion for the first quarter of 2024. The U.S. market saw a 7.8% increase, although international sales slightly declined by 0.3%. Excluding the COVID-19 vaccine impact, operational sales growth was 7.6% worldwide.
BNY Mellon (NYSE: BK) delivered a strong performance in the first quarter of 2024, with a 3% year-over-year (YoY) increase in total revenue to $4.5 billion and an 11% rise in earnings per share (EPS) to $1.25. The company experienced growth across various segments, including investment services fees and a notable 8% increase in servicing fees.
Analysts at UBS said in a note Tuesday that the broadening of US earnings growth should underpin stocks.
In case of retail business too, I think 19% kind of a growth or 20% kind of a growth is being seen and most importantly the contribution to the margin is coming largely from the own brands, which are basically contributing significantly particularly into physical stores.
In case of retail business too, I think 19% kind of a growth or 20% kind of a growth is being seen and most importantly the contribution to the margin is coming largely from the own brands, which are basically contributing significantly particularly into physical stores.
Goldman Sachs (GS) has delivered strong first-quarter results for 2024, with net revenues reaching $14.2 billion and net earnings of $4.1 billion. The company\’s Global Banking & Markets segment was a significant contributor, generating $9.7 billion in revenues, thanks to notable performances in advisory, equity underwriting, and debt underwriting.
Laser Photonics (LASE) reported its fourth-quarter and full-year results for 2023, announcing a significant increase in revenue and outlining strategic plans for the upcoming year. The company, which specializes in CleanTech product lines, saw a 673% growth in quarterly revenue to $0.8 million compared to the restated $0.1 million in the previous year.